If you have the nagging suspicion that your neighbourhood coffee is costing more, no, you are not imagining things. Singapore’s core inflation hit a 14-year high of 5.5% earlier this year and has recently declined to 4.2% in June. Inflation erodes the value of your money because it causes a sustained rise in the prices of goods and services. Interest rates have also risen sharply in the past 18 months, making mortgages more expensive as banks reprice their loans. Placing your money in banks may sound like a safe option, but the interest rates they offer cannot help you to beat inflation. Investing in real estate investment trusts, or REITs, on the other hand, is a viable choice. This asset class is an attractive option for income-seeking investors who are not just looking to beat inflation but are looking for a reliable source of passive income. Here are three reasons why REITs are a great way to invest for income....